Nov 2 2010
AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that it has completed its acquisition of Davis Langdon, a global cost and project management consultancy firm, in South Africa.
AECOM previously acquired Davis Langdon’s operations in Australia and New Zealand, Europe, the Middle East and the United States.
Davis Langdon provides cost and project management services, and specialist consultancy services, to clients around the world. Davis Langdon’s 2,800 employees serve public- and private-sector clients in a variety of markets.
The Davis Langdon transactions are valued in the aggregate at approximately US$324 million.
Davis Langdon has worked on many high-profile projects around the world, including the Tate Modern and the Eden Project in the United Kingdom; Estadio do Dragao in Portugal; New Doha International Airport; Grand Egyptian Museum in Cairo, Egypt; The Clem Jones Tunnel (CLEM7) in Brisbane, Australia; the Transbay Terminal in San Francisco, U.S.A.; the Gautrain Rapid Rail Link in Johannesburg, and the Green Point Stadium – newly built for the 2010 FIFA World Cup – in Cape Town, South Africa.
Under the terms of the agreements, Davis Langdon will receive approximately 82 percent of the consideration in cash and 18 percent in AECOM common stock.
Source: http://www.aecom.com/